Cryptocurrency Tax Compliance

We are now performing tax compliance for taxpayers with Cryptocurrency, the Cryptocurrency net worth of which exceeds 1 million (U.S. convertible).  We are the best at what we do.

Tax year 2017 is a critical tax year for Cryptocurrency.  Getting 2017 correct will provide a foundation for huge gains in later years.  You must seize the moment.

The Internal Revenue Service is focusing on noncompliant taxpayers in this space.  This is evident by the John Doe Summons issued on Coinbase.  As many of us have read, the Internal Revenue Service has obtained information about 14,355 Coinbase account holders.  Coinbase has been ordered to provide the IRS with the taxpayer’s name,etc, for those individuals who have bought, sold, sent, or received more than $20,000.  In addition, the Securities and Exchange Commission is paying attention, which is evident by statements made about Initial Coin Offerings (ICO’s).

The day of tax reckoning is inevitable.  Time is of the essence to properly disclose huge transactions.  Please feel free to call us.  (303) 626-7000.